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BusinessLehman bosses severely criticisedA report into the collapse of US bank Lehman Brothers criticises senior executives and auditor Ernst & Young for serious lapses. BA union announces strike dates BA cabin crew will go on strike for three days from 20 March and for four days from 27 March in a dispute over pay and staff levels. US retail sales in surprise rise US retail sales showed a surprise rise in February as consumers braved extreme bad weather to get to the shops Vauxhall gets UK loans guarantee The UK announces a 300m-euro (£270m) loan guarantee for Vauxhall and Opel, the European arm of General Motors. Sarkozy and Brown attack US deal Nicolas Sarkozy and Gordon Brown criticise the US for "protectionism" over an aerospace deal after talks in London. China's stern warning to Google China's top internet official warns that Google will "pay the consequences" if it does not comply with censorship laws. China oil demand is 'astonishing' Oil demand in China rose by an "astonishing" 28% in January compared with a year ago, the International Energy Agency says. Eurozone industry grows strongly Factory output in the eurozone rose 1.7% between December and January, the biggest monthly rise since records began. China hits back at Obama on yuan China has hit back at comments by US President Barack Obama that Beijing should change its currency strategy. Feathers fly: Bank of America sorry for confiscating parrot Bank of America has apologised to a woman in Pennsylvania after one of its contractors entered her house and confiscated her parrot. Vauxhall gets UK loans guarantee The UK announces a 300m-euro (£270m) loan guarantee for Vauxhall and Opel, the European arm of General Motors. VW and BMW report lower profits German carmakers Volkswagen and BMW report falling profits after the global downturn hit demand for cars. Red Knights get advisers for bid The Red Knights group eyeing a possible bid for Manchester United says investment bank Nomura will advise it. HMRC ready to back Pompey set-up The validity of Portsmouth's administration will not be challenged by HM Revenue & Customs, the BBC learns. Guidelines for financial journalists Fighting poverty How Malawi hopes social enterprise will help Start young How to build confidence for later success Tough task Economic challenge for new president in quake-hit Chile Booting up Brazil Brazil exploits potential as web use spreads Independent day The Independent could be free under a new owner Bright ideas Why intellectual property is not a luxury New mortgages 'halved in January' The number of mortgages agreed with house buyers fell 49% in January from the month before, mortgage lenders say. New York banking gains on London New York and London have been ranked as the joint-top global financial centres according to new research. 'No giveaway Budget' says Darling Chancellor Alistair Darling warns people not to expect a "giveaway" when he unveils his Budget later this month. Superdry founder in line for £80m The Superdry clothes label founder is in line for £80m as it completes a transformation from market stall to the stock market. Warning on public sector pensions The amount of money paid as public sector pensions could more than triple in the next 50 years, says the National Audit Office. 'No decision yet' on BA strikes The union representing BA cabin crew says there will be no immediate announcement about strike dates. SA starts World Cup countdown With 100 days to the World Cup, South Africans talk about their hopes and fears for the tournament Zimbabwe move on firms' ownership A Zimbabwean law that forces companies to sell a majority stake in their businesses to indigenous people comes into effect. US trade deficit in surprise fall The US trade deficit narrowed unexpectedly in January as fewer foreign cars and less crude oil were imported. BP to explore for oil in Brazil Oil giant BP announces a $7bn (£4.7bn) deal that will allow it to begin exploring for oil off the coast of Brazil. Daihatsu recalling cars in Japan Carmaker Daihatsu, a subsidiary of Toyota, is recalling 274,551 vehicles in Japan because of a number of possible defects. Japan's economic growth rate cut Japan's economy grew by less than first estimated in the final quarter of 2009, revised government figures show. HSBC admits huge Swiss data theft About 24,000 clients of HSBC's private banking operation in Switzerland had personal details stolen, the bank admits. Greeks stage fresh general strike Greek public and transport services grind to a halt and clashes break out during a third strike over austerity measures. EU: Settlement goods not Israeli The European Court of Justice rules that Israeli goods made in Jewish settlements cannot be considered Israeli. Iraq given its largest IMF loan The IMF is to lend Iraq $3.6bn to rebuild its infrastructure as low oil prices slash its revenue. India's Essar 'planning UK float' Indian conglomerate Essar Group is reported to be planning to float on the London Stock Exchange, a move that could raise up to $3bn. India to review economy stimulus India's government unveils its annual budget, saying that stimulus measures introduced to boost growth must be reviewed. FSA to clamp down on mis-selling The head of the Financial Services Authority says the regulator will toughen up protection for consumers against poor financial products. Scottish Power to cut gas bills Scottish Power says its gas prices will fall by around £66 a year and vulnerable customers will get extra help. Claims firm solicitors shut down A firm of solicitors which worked for a leading claims management company has been shut down by the solicitors' regulator. Winter insurance claims hit £650m Insurers paid out £650m from 335,000 claims made as a result of damage caused by the wintry weather in the UK. powered by www.pHick1.com |
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